Nisa Investment Advisors LLC Has $312,000 Stake in B&G Foods, Inc. (NYSE:BGS)

Nisa Investment Advisors LLC boosted its stake in B&G Foods, Inc. (NYSE:BGS) by 19.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,162 shares of the company’s stock after purchasing an additional 7,212 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of B&G Foods worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BGS. Dimensional Fund Advisors LP increased its holdings in B&G Foods by 28.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,353,557 shares of the company’s stock valued at $23,106,000 after purchasing an additional 744,898 shares during the period. Two Sigma Investments LP raised its stake in B&G Foods by 113.2% during the fourth quarter. Two Sigma Investments LP now owns 830,817 shares of the company’s stock worth $5,724,000 after buying an additional 441,117 shares during the last quarter. Invesco Ltd. raised its stake in B&G Foods by 55.7% during the fourth quarter. Invesco Ltd. now owns 1,132,834 shares of the company’s stock worth $7,805,000 after buying an additional 405,033 shares during the last quarter. Barclays PLC raised its stake in B&G Foods by 267.5% during the fourth quarter. Barclays PLC now owns 480,312 shares of the company’s stock worth $3,308,000 after buying an additional 349,619 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in B&G Foods by 279.0% during the fourth quarter. Two Sigma Advisers LP now owns 458,200 shares of the company’s stock worth $3,157,000 after buying an additional 337,300 shares during the last quarter. 66.15% of the stock is currently owned by institutional investors and hedge funds.

B&G Foods Trading Down 0.1%

BGS opened at $4.08 on Thursday. B&G Foods, Inc. has a 1-year low of $3.97 and a 1-year high of $9.44. The company has a current ratio of 3.32, a quick ratio of 1.07 and a debt-to-equity ratio of 3.90. The company has a market cap of $325.34 million, a P/E ratio of -1.53 and a beta of 0.54. The company has a fifty day moving average price of $4.31 and a two-hundred day moving average price of $5.82.

B&G Foods (NYSE:BGS) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). B&G Foods had a negative net margin of 11.16% and a positive return on equity of 7.00%. The company had revenue of $425.40 million during the quarter, compared to the consensus estimate of $459.40 million. During the same period last year, the firm posted $0.18 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts predict that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Monday, June 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 18.64%. The ex-dividend date is Monday, June 30th. B&G Foods’s dividend payout ratio (DPR) is currently -28.57%.

Analysts Set New Price Targets

BGS has been the subject of a number of analyst reports. Piper Sandler lowered their target price on shares of B&G Foods from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Barclays lowered their target price on shares of B&G Foods from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, B&G Foods has a consensus rating of “Hold” and a consensus target price of $7.10.

B&G Foods Profile

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.